“builders are incentivised to maximise profit margins not increase the number of houses they build” House of Lords
"builders are incentivised to maximise profit margins not increase the number of houses they build" House of Lords
We note that the absence of a coherent government housing policy was heavily criticised on the 13th December by the House of Lords Economic Affairs Committee;
"The Government have accepted the Committee's analysis of the problem, but shied away from the steps needed to address it. In particular, the Government continue to rely on the private sector to build more houses when, as the Committee heard, these builders are incentivised to maximise profit margins not increase the number of houses they build. The Government have failed to recognise the need for local authorities to build more homes and for them to be freed from unnecessary and arbitrary financial restrictions which severely curtail their ability to build.
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